✓ Board-verified
Accountancy · 2022 · 3 marks
CBSE 2022 · Region 3 · Set 1 · Q11
From the following information, prepare a Common Size Statement of Profit and Loss' ofK K Ltd. for the year ended 31.3.2021 and 31.3.2022: 2021-2022…
From the following information, prepare a Common Size Statement of Profit and Loss' ofK K Ltd. for the year ended $\displaystyle 31.3.2021$ and $\displaystyle 31.3.2022$ : $\displaystyle 2021$-$\displaystyle 2022$ $\displaystyle 2020$-$\displaystyle 2021$ Particulars Amount Amount $\displaystyle 2$ $\displaystyle 1$ Revenue from operations $\displaystyle 20,00,000$ $\displaystyle 15,00,000$ Other Income $\displaystyle 2,00,000$ $\displaystyle 1,50,000$ Expenses $\displaystyle 4,00,000$ $\displaystyle 3,00,000$ Tax Rate $\displaystyle 50$%
From the following Balance Sheet of J.J. Ltd. prepare a Comparative Balance Sheet as at $\displaystyle 31.3.2022$ : J.J. Ltd. Balance Sheet as at $\displaystyle 31.3.2022$ $\displaystyle 31.3.2022$ $\displaystyle 31.3.2021$ Partieulars Note No. (z) (z) I. EQUITY AND LIABILITIES : 1. Shareholders Funds : (a) Equity Share Capital $\displaystyle 25,00,000$ $\displaystyle 20,00,000$ (b) Reserves and Surplus $\displaystyle 5,00,000$ $\displaystyle 4,00,000$ 2. NonCurrent Liabilities : Longterm borrowings $\displaystyle 10,00,000$ $\displaystyle 10,00,000$ 3. Current Liabilities : Trade Payables $\displaystyle 2,00,000$ $\displaystyle 1,00,000$ Total : $\displaystyle 42,00,000$ $\displaystyle 35,00,000$ II. ASSETS : 1. NonCurrent Assets : Fixed Assets $\displaystyle 30,00,000$ $\displaystyle 25,00,000$ 2. Current Assets : Inventories $\displaystyle 12,00,000$ $\displaystyle 10,00,000$ Total : $\displaystyle 42,00,000$ $\displaystyle 35,00,000$
Marking-scheme solution
K K Ltd.
Common-size Statement of Profit and Loss
for the year ended $\displaystyle 31.3.2021$ and $\displaystyle 31.3.2022$
Particulars $\displaystyle 2020$–$\displaystyle 21$ $\displaystyle 2021$–$\displaystyle 22$ % of % of
Revenue Revenue
(₹) (₹)
from from
Operations Operations
$\displaystyle 2020$–$\displaystyle 21$ $\displaystyle 2021$–$\displaystyle 22$
Revenue from Operations $\displaystyle 15,00,000$ $\displaystyle 20,00,000$ $\displaystyle 100$ $\displaystyle 100$
Other Income $\displaystyle 1,50,000$ $\displaystyle 2,00,000$ $\displaystyle 10$ $\displaystyle 10$
Total Revenue $\displaystyle 16,50,000$ $\displaystyle 22,00,000$ $\displaystyle 110$ $\displaystyle 110$
Less : Expenses $\displaystyle 3,00,000$ $\displaystyle 4,00,000$ $\displaystyle 20$ $\displaystyle 20$
Profit before Tax $\displaystyle 13,50,000$ $\displaystyle 18,00,000$ $\displaystyle 90$ $\displaystyle 90$
Less : Tax @ $\displaystyle 50$% $\displaystyle 6,75,000$ $\displaystyle 9,00,000$ $\displaystyle 45$ $\displaystyle 45$
Profit after Tax $\displaystyle 6,75,000$ $\displaystyle 9,00,000$ $\displaystyle 45$ $\displaystyle 45$
Or
Q. From the following Balance Sheet of J. J. Ltd……………….
Ans.
J J Ltd.
Comparative Balance Sheet as at $\displaystyle 31.3.2021$ and $\displaystyle 31.3.2022$
Particulars $\displaystyle 31.3.2021$ $\displaystyle 31.3.2022$ Absolute % of
Increase/ Increase/
(₹) (₹)
Decrease Decrease
(₹)
I. Equity and Liabilities :
1. Shareholders’ Funds :
(a)
Equity Share Capital $\displaystyle 20,00,000$ $\displaystyle 25,00,000$ $\displaystyle 5,00,000$ $\displaystyle 25$
(b)
Reserves and Surplus $\displaystyle 4,00,000$ $\displaystyle 5,00,000$ $\displaystyle 1,00,000$ $\displaystyle 25$
2. Non-Current Liabilities:
Long-term Borrowings $\displaystyle 10,00,000$ $\displaystyle 10,00,000$ — —
3. Current Liabilities :
Trade Payables $\displaystyle 1,00,000$ $\displaystyle 2,00,000$ $\displaystyle 1,00,000$ $\displaystyle 100$
Total $\displaystyle 35,00,000$ $\displaystyle 42,00,000$ $\displaystyle 7,00,000$ $\displaystyle 20$
II. Assets :
1. Non-Current Assets :
Fixed Assets $\displaystyle 25,00,000$ $\displaystyle 30,00,000$ $\displaystyle 5,00,000$ $\displaystyle 20$
2. Current Assets :
Inventories $\displaystyle 10,00,000$ $\displaystyle 12,00,000$ $\displaystyle 2,00,000$ $\displaystyle 20$
Total $\displaystyle 35,00,000$ $\displaystyle 42,00,000$ $\displaystyle 7,00,000$ $\displaystyle 20$
All Analysis of Financial Statements questions2022 question paperPractice Analysis of Financial Statements →
More from Analysis of Financial Statements
- From the following information, prepare a Comparative Statement of Profit and Loss of X Ltd. for the year ended 31st March, 2024. Particulars 2023 24…2025
- Which of the following is not an objective of 'Analysis of Financial Statements'? OR is also known as Acid-Test Ratio.2024
- The following information was extracted from the Statement of Profit and Loss of Chaman Ltd. for the year ended 31st March, 2025: Note 31.3.2025…2026
- is not a tool of 'Analysis of Financial Statements'. OR In 'Common size income statement' each item is expressed as a percentage of2025
- From the following information, prepare a Comparative Statement of Profit and Loss for the year ended 31" March, 2024: Particulars 2023-24 (?)…2025
- From the following Balance Sheets of Bijoy Ltd. as at 31st March 2024 and 2025, prepare a Comparative Balance sheet: Particulars Note 31-3-2025…2026
- The tool of 'Analysis of Financial Statements' which helps to assess the profitability, solvency and efficiency of an enterprise is known as: OR is…2024
- From the following Balance Sheet of Nayak Ltd. prepare a Comparative Balance Sheet: Balance Sheet of Nayak Ltd. as at 31st March, 2024 31.3.2024…2025
CBSE Class 12 Accountancy past-paper question from the 2022 board exam, with the answer as CBSE’s own marking scheme gives it. Where our answers come from.